🔥 Lots to Watch - 26 June 2024

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Table of Contents

• 1) Lynette Yiadom-Boakye

• 2) Jadé Fadojutimi

• 3) Robert Nava

• 4) William Copley

• 5) Claire Tabouret

1) Lynette Yiadom-Boakye

• 📍 Bio: British, 1977

• 📊 Price Range: $360,000 - $500,000

• 💰 Record Price: $3,604,927 for Six Birds in the Bush, sold at Sotheby's London in 2023.

• 🌎 Main Market: U.K & U.S

• 📋 Data Insights

💭 My 2 Cents: Lynette Yiadom-Boakye's "Minotaur To Matador" is about to hit the auction block, and it’s one to watch. Her market has seen a stellar rise – just look at the numbers: from $29K in 2013 to a whopping $574K in 2024 for average estimates. Paintings dominate her sales, outperforming prints and works on paper by miles. And her realized prices? They’ve more than doubled estimates on occasion, hitting an impressive $1.1M in 2024. Now, about this triptych. It’s a rare format for her, making it a standout piece. The narrative echoes Picasso’s explorations but with a contemporary, introspective twist. The chromatic brilliance and subtle storytelling in these three panels are exceptional. Here's why this matters: high sell-through rates (89.62%) and consistent market interest mean strong demand. If you're considering adding this to your collection, keep in mind that recent high-value sales have skewed averages, making the $1.1M - $1.8M estimate plausible but potentially conservative. I expect it to fetch closer to $2.5M-$3M. Would I recommend it? Absolutely, if you’re ready for a competitive bid.

2) Jadé Fadojutimi

• 📍 Bio: British, 1993

• 📊 Price Range: $400,000 - $600,000

• 💰 Record Price: $1,986,196 for The Woven Warped Garden of Ponder, sold at Christie's London in 2024.

• 🌎 Main Market: U.K & U.S

• 📋 Data Insights

💭 My 2 Cents: Regular readers know I have a soft spot for contemporary abstract artists, especially those who bring a unique narrative and vibrant aesthetic to their work. Jadé Fadojutimi is one such artist who has consistently captured the market’s attention. Her painting "She's Distressed," from 2019, is coming up for auction at Christie's, with an estimate between $300,000 and $440,000. Now, why should you care about this lot? Let’s talk data. Comparable pieces from Fadojutimi, especially those created around the same time and with similar dimensions, have been performing exceptionally well. For instance, works from 2019 have been selling in the range of $500,000 to $700,000. The market clearly loves her paintings, with realized prices often blowing past initial estimates. Her accolades don’t hurt either. Solo shows at major institutions like ICA Miami and group exhibitions at the Los Angeles County Museum of Art add a lot of weight to her name. Plus, being included in big biennials like the Venice Biennale certainly boosts her profile. But let's not get carried away. Recent trends show a slight dip in hammer ratios, hinting at a possible market stabilization. However, her sell-through rates remain strong, and the upward trend in her realized prices is hard to ignore. Trust the data, and you might snag a stellar piece.

3) Robert Nava

• 📍 Bio: American, 1985

• 📊 Price Range: $70,000- $100,000

• 💰 Record Price: $717,008 for Before Minotaur, sold at Phillips London in 2022.

• 🌎 Main Market: Hong Kong & U.K

• 📋 Data Insights

💭 My 2 Cents: Robert Nava’s art might not be everyone’s cup of tea, but there's something undeniably captivating about it. This piece, "T-LC1," from 2019, is a wild mix of acrylic, oilstick, and graphite on canvas. It’s got that chaotic vibe Nava is known for. The estimates are between $100,000 and $150,000, and it’s hitting the auction block at Phillips London. First off, Nava’s market trajectory has been pretty solid. His works have climbed from an average of $55,000 in 2020 to $140,000 in 2024. That's a pretty sweet rise. Plus, his sell-through rate is 77.53%, so his work is in demand. Now, let's get into the nitty-gritty. The hammer ratio is slipping—realized prices are sticking closer to the estimates. It’s like a heads-up that you might not get those sky-high bids. And yeah, there was a bit of a dip in 2023, so there’s a whiff of volatility. From my own buying adventures, Nava’s paintings usually fall into that $50,000 to $100,000 sweet spot. They’re not dirt cheap, but they’re also not breaking the bank. "T-LC1" fits right into that range, so it could be a smart pick.

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4) William Copley

• 📍 Bio: American, 1919 - 1996

• 📊 Price Range: $25,000 - $40,000

• 💰 Record Price: $579,600 for Gingham Girls, sold at Christie's New York in 2022.

• 🌎 Main Market: U.S

• 📋 Data Insights

💭 My 2 Cents: William N. Copley's "Le Grand Bouffe" is up for auction at Phillips London. If you’re into art that mixes Surrealism with a cheeky dash of Pop Art, this piece might just be your next favorite. Copley, known for his bright colors and playful, sometimes risqué themes, painted this one in 1973. It’s got all his signature style – think bold lines, cartoonish figures, and a humorous take on eroticism. Now, let’s talk numbers. Similar works by Copley have been averaging around $120,000, often selling well above their high estimates. With an estimate between $75,000 and $100,000 for this piece, "Le Grand Bouffe" could potentially fetch a high price, maybe even hitting that $120k mark if the market stays hot. Provenance? Top-notch, and it’s been shown in some impressive places like the New York Cultural Center and Fondazione Prada. That’s always a good sign.

5) Claire Tabouret

• 📍 Bio: French, 1981

• 📊 Price Range: $25,000 - $35,000

• 💰 Record Price: $870,000 USD for Les débutantes (bleu azur), sold at Christie's New York in 2021.

• 🌎 Main Market: Hong Kong

• 📋 Data Insights

💭 My 2 Cents: Claire Tabouret's "Sachiko (Green)" at Christie's London caught my eye this week. Having followed her career since her 2018 breakout, I've seen her market evolve fascinatingly. The 77.2% sell-through rate is solid, but it's her paintings that really shine, averaging $193,113 - leagues above her prints or photos. This piece, executed in 2020, falls into an interesting sweet spot. It's larger than recent comparables, which could bump up the price. However, the $38,006 - $63,344 estimate feels a touch ambitious given recent trends. I've noticed her hammer ratios declining (from 2.91 in 2021 to 1.07 in 2024), suggesting the market's stabilizing. What intrigues me is Tabouret's institutional backing. With the Pompidou, LACMA, and Pinault Collection on board, she's got serious long-term potential. But I'd caution against expecting another 1273% jump like we saw in 2018. Personally, I'm torn on this lot. The fluorescent underpainting technique she's known for isn't as prominent here. If I were bidding, I'd aim for the lower end of the estimate. It's a solid piece, but not her most striking. Keep an eye on how it performs - it could be a bellwether for her market's direction.